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Old 03-25-2013, 09:15 AM  
slapass
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Join Date: Nov 2002
Location: Earth
Posts: 14,622
Quote:
Originally Posted by Bjorn_Tasty1 View Post
The Netherlands didn't save money for alle the people. Remember the DSB bank. Everybody who had more money than 100.000 on that bank lost all their money. While the government saved all the other Dutch banks cause those where 'to big to fail". They even helped foreign countries like Iceland, but not their own people. While people got big interest rates on the bank in Iceland and where bad for the Dutch economy, by sending money out of Holland. Even Dutch government organizatios where keeping their money in Iceland (that is peverted, the government weakening their own economy).

4000 people had more than 100.000 on the Dutch DSB bank, including Terror Jaap, famous cause he won 1 million in a Dutch reality TV show by terrorising everybody out of the game "The Golden Cage".

I guess the EU is afraid that the public opinion will be more and more against the EU if countries have to save other countries, but are not saving their own banks. And than the EU will collapse. But what will happen now with Spanish/Portugese/Italian banks? I would be carefull with those banks also. Holland was able to save the Dutch Banks with own money, Spain and Portugal doesn't have those amounts of money and the Dutch people aren't willing to pay for those banks also. And more and more people in the EU think that way.

And don't forgetto , Holland is a tax haven for a lot of international companies. When will we get punishged for that? People say Cyprus is a tax haven, but Holland does the same. The Rolling Stones and U2 are banking in Holland for years, not paying high taxes in their own lands (and Bono keeps playing the nice guy for poor countruies, avoiding tax himself).
Netherlands just lost their lawsuit against Iceland as they were trying to recover the money they paid out to Netherlands citizens who had money in the Iceland banks that went under.

In the US we have FDIC and everyone is pretty clear on the limits. Then our govt agreed to protect all deposits. Dumb. So now we have huge debts as the banks all were idiots and we just accepted their bad loans etc. ideally the market place accepts the cost of investing in dumb ideas versus passing it on the citizens.

In Cyprus, it is all the same. The one bank was already nationalized and the largest bank was owned by a Russian. So taking the big money that was not theirs allowed the country to avoid a huge debt to keep going. Russians bailed them out.
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